Wednesday, November 12, 2008

Government Bailout


The main reason behind this whole bailout is to make it seem like the government to protect modest savings portfolios. They don't want to face voters not having done anything to try and solve the problem. This is just a way for President Bush trying to pull something out of nothing and make it so some people don't hate him. He's ruined many good things in the past 8 years that we have worked for. Now he's spending more money and all of this will come out of the taxpayer's wallet.
In my opinion this makes things even worse for when Obama takes over for President Bush. Many responsible middle class workers will end up paying more for people that are reckless. They are supposed to find ways of helping middle class americans of not foreclosing because in this bailout they aren't getting a thing out of it. This problem will linger into Obama's presidency. Hopefully he has a solution to all of this because Bush really messed things up for all of us. President Bush has just thrown around money his whole time in office and he will continue to do this until hios last day in office it appears.

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